Difference between revisions of "Driving Force: The rise of the individual and the middle class (Jose Luis)"

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*Claudia Benshimol Severin et al., “Global Growth Compass: Locating Consumer-Industry Growth Opportunities in Emerging Markets,” McKinsey & Co. (2011)
*Claudia Benshimol Severin et al., “Global Growth Compass: Locating Consumer-Industry Growth Opportunities in Emerging Markets,” McKinsey & Co. (2011)
*Mathew J.  Burrows,  Director,  Strategic Foresight  Initiative
*Mathew J.  Burrows,  Director,  Strategic Foresight  Initiative
*The Rise of the Individual: Nikhil Sehgal, Alejandro Rothschuh, SMD, 3M


==Timing:==
==Timing:==

Revision as of 23:33, 7 December 2021

Description:

Advances in global education and technology have helped empower individuals like never before, leading to increased demands for transparency and participation in government and public decision-making. These changes will continue, and are ushering in a new era in human history in which more people will be middle class than poor.

Enablers:

  • Demographic boom in developing regions
  • Technological advances in agricultural productivity
  • Access to information through mobile phones, internet penetration and social media
  • Rising income inequality

Inhibitors:

  • Economic depression
  • Diminishing purchasing power/disposable income
  • Pandemics
  • Populism

Paradigms:

Women in leadership increase revenues and profitability. Women in the workforce have contributed to more than 25% of overall growth in GDP.

Experts:

  • Homi Kharas, The Emerging Middle Class in Developing Countries, OECD Development Centre, Working Paper No. 285, Organization for Economic Cooperation and Development (2010)
  • Neil McKendrick, John Brewer, and John H. Plumb, The Birth of a Consumer Society: The Commercialization of Eighteenth-Century England (Bloomington: Indiana University Press, 1985)
  • John Brewer and Roy Porter, eds., Consumption and the World of Goods (London: Routledge, 2013)
  • Claudia Benshimol Severin et al., “Global Growth Compass: Locating Consumer-Industry Growth Opportunities in Emerging Markets,” McKinsey & Co. (2011)
  • Mathew J. Burrows, Director, Strategic Foresight Initiative
  • The Rise of the Individual: Nikhil Sehgal, Alejandro Rothschuh, SMD, 3M

Timing:

Web Resources:

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